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FUEL PRICES GO UP

patriot by patriot
February 28, 2023
in News
0
  1. Botswana Energy Regulatory Authority informs the general public that the retail pump prices for petrol, diesel and paraffin will be adjusted as follows:

(i)                  Retail pump price of unleaded petrol 93 will increase by 95 thebe per litre;

(ii)                Retail pump price of unleaded petrol 95 will increase by 92 thebe per litre;

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(iii)               Retail pump price of diesel 50ppm will increase by 56 thebe per litre.

(iv)               Retail pump price of illuminating paraffin will increase by 72 thebe per litre

The above changes take effect from 00:01hrs on Wednesday, 1st March 2023.

The adjustments are based on the analysis of the movement of petroleum products prices for the month of January 2023, which was characterised by the increase in Average Brent Crude oil price by US$2.57 per barrel from US$81.34 in December 2022 to US$83.91 per barrel in January 2023. The rise in crude oil prices has largely been driven by China’s opening of its borders after lockdowns and expectations of a rising demand for oil.

During the same period, prices of refined petroleum products also increased. Petrol grades increased by almost 11%, diesel by 6.6% and paraffin by 8.7%. The rise in international refined products prices contributed negatively to unit rates as all products recorded under recoveries.

As a result, a decision has been made to increase retail pump prices for petrol, diesel and paraffin based on the full rate of recovery of each product.

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  • BOTS60 ‘Making Life Brilliant’ How Debswana transformed BotswanaOctober 2, 2026
    Debswana has become a case study in responsible mining, thanks to the miraculous way in which it saved what was dismissed as a basket case of the world into a high-performing economy. Even amidst the current slowdown in diamond… Read more: BOTS60 ‘Making Life Brilliant’ How Debswana transformed Botswana
  • Plight of BDF’s forgotten soldiersOctober 2, 2026
    BAKWADI LEKOPANE editors@thepatriot.co.bw RelatedPosts BOTS60 ‘Making Life Brilliant’ How Debswana transformed Botswana Plight of BDF’s forgotten soldiers BPF factions reconcile The Minster for State President, Defence and Security, Moeti Mohwasa has directed Botswana Public Officers Pension Fund (BPOPF) to… Read more: Plight of BDF’s forgotten soldiers
  • BPF factions reconcileSeptember 29, 2026
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